At Deadline.(Wall Street firms shell out about $15 billion over the past four years to settle litigation.)(Greenhill & Co. and Manhattan-based venture firm SAVP have raised $102 million for a new fund.)(Bulgari Hotels & Resorts has opened properties in Milan and Bali and is looking to expand elsewhere.)

Crain's New York Business, October, 2006

Wall Street firms have shelled out about $15 billion over the past four years to settle litigation stemming from the failures of Enron and WorldCom, the scandal over research-analyst conflicts, and other matters, according to a report from Sanford C. Bernstein & Co. Most firms have resolved their worst legal problems, but Morgan Stanley will have to fork over an estimated $550 million to settle Ron Perelman's suit concerning its advisory role in a merger with Sunbeam Corp.

There are signs that Metropolitan Transportation Authority Chairman Peter Kalikow may be softening his vow to stay on the job until his term ends in 2012. Eliot Spitzer, who appears likely to win the governor's race, says he wants to appoint his own MTA head. Mr. Kalikow has insisted that he...

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